Vanguard Academy FY2021 filing

Tax-deductible

W Valley City, UT501(c)(3)Since 2014EducationEIN 47-1203851Revenue $5.3M in FY2021

On file with the IRSvanguardcharter.org2650 S Decker Lake Ln, 84119-2031 · W Valley City, UTTax-exempt since Jan 2015School — 170(b)(1)(A)(ii)

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To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $280K a year · 4% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.1M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 7 voting members
Worth a look: 3 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+10% vs prior year
Spent
$5.1M
To programs
82%
Net assets
$372K
By yearFY2020–FY2025
Revenue
$5.3M
FY2021▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$5.3M
FY2022$5.7M
FY2023$6.7M
FY2024$8.1M
FY2025$8.7M
Expenses
$5.1M
FY2021▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$5.1M
FY2022$5.2M
FY2023$6.7M
FY2024$7.6M
FY2025$8.6M
Net assets
$372K
FY2021▲ +77%
Tap a bar for its year
Net assets by fiscal year
FY2020$209K
FY2021$372K
FY2022$831K
FY2023$895K
FY2024$1.4M
FY2025$1.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked May 2014, reinstated. IRS ruling Jan 2015, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jan 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $4.2M Management & general 18% · $927K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$62,166Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Charles Reynolds’s $82K as Director is at the 20th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Charles Reynolds$82,016$73,550$73,550———
Suzanne Owen———$71,067$62,166$72,973

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates and promotes a public charter school funded by government sources.

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Provided by the organization

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2 programs · $4.2M · in their own filed words · FY2020
01

Operation of one public charter school for students from grade seven through grade twelve.

$2.8Mprogram expense
02

Food services for students and faculty.

$1.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $20K · 2021–2021
Unitemized GrantFY2021$20,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$5.2M
Other incomeLn 4–11$72K
Fees for servicesLn 2g$31K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.2M
Managementcol C$927K
Owns and owesPt X
$372K
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$5.5M
LiabilitiesLn 26$5.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.2M
Government grantsLn 1e$5.2M
Fees for servicesLn 2g$31K
Investment incomeLn 3$104
Other incomeLn 4–11$72K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$288K
Cash and savings togetherLn 1–2$2.2M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$113K
Total assetsLn 16$5.5M
LiabilitiesLn 26$5.1M
Net assetsLn 32$372K
OperationsPt I, VI
EmployeesI 5100
VolunteersI 635
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.4M$2.2M
Land, buildings, equipmentLn 10c$3.6M$2.9M
Total assetsLn 16$5.3M$5.5M
LiabilitiesLn 26$5.1M$5.1M
Net assetsLn 32$209K$372K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$62K
Other salaries and wagesLn 7$2.0M$1.5M$484K
Other employee benefitsLn 9$125K$73K$51K
Payroll taxesLn 10$167K$167K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$127K$51K$77K
Information technologyLn 14$229K$210K$19K
OccupancyLn 16$226K$152K$74K
InterestLn 20$141K$116K$26K
Depreciation, depletion and amortizationLn 22$750K$614K$135K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$1.3M$1.2M$34K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$5.1M$4.2M$927K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.7M$8.6M$121K$1.5M 990 PDF
FY2024 $8.1M$7.6M$509K$1.4M 990 PDF
FY2023 $6.7M$6.7M$64K$895K 990 PDF
FY2022 $5.7M$5.2M$459K$831K 990 PDF
FY2021 Viewing $5.3M$5.1M$162K$372K 990 PDF
FY2020 $4.8M$4.5M$362K$209K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $5,295,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,775,363$5,192,436
I-9 Program service revenuePrior year $34,377$31,002
I-10 Investment incomePrior year $394$104
I-11 Other revenuePrior year $8,412$71,815
I-12 Total revenuePrior year $4,818,546$5,295,357
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,150,569$2,355,948
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,306,253$2,777,170
I-18 Total expensesPrior year $4,456,822$5,133,118
I-19 Revenue less expensesPrior year $361,724$162,239
Part VI · Governance 3 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,295,357 across 9 lines filed
VIII-1e Government grants$5,188,274
VIII-1f All other contributions, gifts and grants$4,162
VIII-1h Total contributions, gifts and grants$5,192,436
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,002$31,002
VIII-3 Investment incomeExcluded from tax $104$104
VIII-6 Net rental income or lossExcluded from tax $64,845$64,845
VIII-8 Net income from fundraising eventsExcluded from tax $5,543$5,543
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,427$1,427
VIII-12 Total revenueRelated to mission $31,002 · Excluded from tax $71,919$5,295,357
Part IX · Statement of functional expenses $5,133,118 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,166$62,166
IX-7 Other salaries and wagesPrograms $1,518,757 · Management $483,793$2,002,550
IX-9 Other employee benefitsPrograms $73,170 · Management $51,343$124,513
IX-10 Payroll taxesPrograms $166,719$166,719
IX-11b Legal feesManagement $11,474$11,474
IX-11c Accounting feesManagement $15,900$15,900
IX-11g Other fees for servicesPrograms $50,811 · Management $76,671$127,482
IX-14 Information technologyPrograms $209,809 · Management $19,277$229,086
IX-16 OccupancyPrograms $152,271 · Management $73,539$225,810
IX-20 InterestPrograms $115,814 · Management $25,503$141,317
IX-22 Depreciation, depletion and amortizationPrograms $614,416 · Management $135,298$749,714
IX-23 InsurancePrograms $19,039$19,039
IX-24 Other expenses (24a–d)Programs $1,218,218 · Management $33,932$1,252,150
IX-24e All other expensesPrograms $5,198$5,198
IX-25 Total functional expensesPrograms $4,206,388 · Management $926,730 · Fundraising $0$5,133,118
Part X · Balance sheet $5,451,558 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,153,590$1,903,190
X-2 Savings and temporary cash investmentsStart of year $287,548$287,663
X-3 Pledges and grants receivableStart of year $151,787$166,012
X-4 Accounts receivable$29,408
X-9 Prepaid expenses and deferred chargesStart of year $15,448$80,481
X-10c Land, buildings and equipment, netStart of year $3,566,299$2,871,413
X-15 Other assetsStart of year $113,391$113,391
X-16 Total assetsStart of year $5,288,063$5,451,558
X-17 Accounts payable and accrued expensesStart of year $352,405$379,648
X-19 Deferred revenueStart of year $428,228$994,404
X-26 Total liabilitiesStart of year $5,078,613$5,079,869
X-27 Net assets without donor restrictionsStart of year $209,450$371,689
X-32 Total net assets or fund balancesStart of year $209,450$371,689
X-33 Total liabilities and net assetsStart of year $5,288,063$5,451,558
Part XI · Reconciliation of net assets $371,689 net assets at year end
XI-1 Total revenue$5,295,357
XI-2 Total expenses$5,133,118
XI-3 Revenue less expenses$162,239
XI-4 Net assets at start of year$209,450
XI-10 Net assets at end of year$371,689

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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